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An announcement from Electra Real E. ( (IL:ELCRE) ) is now available.
Electra Real Estate Ltd. has approved the sale of its real estate holdings amounting to 4,136,505 shares, valued at approximately 200 million NIS, subject to investor and shareholder approval. This strategic move aims to enhance the company’s capital structure and financial stability, alongside a substantial dividend distribution of 50.9 NIS per share, representing 95% of the total consideration.
More about Electra Real E.
Electra Real Estate Ltd. operates in the real estate industry, focusing on real estate holdings. The company is involved in transactions and management of property assets, catering mainly to investors and bondholders.
YTD Price Performance: 3.00%
Average Trading Volume: 82,083
Current Market Cap: ILS3.01B
Find detailed analytics on ELCRE stock on TipRanks’ Stock Analysis page.